Regulation of industry is usually carried out by special government agencies that administer and interpret the law
a. True
b. False
Indicate whether the statement is true or false
True
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A decrease in the number of dry cleaners in an area can be represented by a(n)
a. downward movement along the dry cleaning supply curve b. upward movement along the dry cleaning supply curve c. leftward shift in the dry cleaning supply curve d. rightward shift in the dry cleaning supply curve e. vertical dry cleaning supply curve
Suppose the number of pesos per U.S. dollar is 3 . The aggregate price level in Mexico is 90, and the real exchange rate between the two countries is 2 . The aggregate price level in the United States is _____
a. 60 b. 45 c. 50 d. 55
Under a fixed exchange rate system, if the dollar price of Mexican pesos is above its equilibrium level, the peso is referred to as overvalued and the dollar is necessarily undervalued
Indicate whether the statement is true or false
According to classical economists, the credit market reaches an equilibrium when
A. planned investment equals government expenditures. B. desired investment equals planned changes in aggregate supply. C. desired investment equals desired saving. D. desired investment equals planned investment.